Evelyn F.'s business is direct selling. She started it in 1985. She is still doing the same thing because she earns a bigger income in this kind of business. She buys merchandise like home decor, stuffed toys, herbal medicines and sells it to her network of contacts. She is 46 years old and has four kids. She wants to make her business even better to be able to help her husband send their children to school.
She needs additional capital for her business. She is asking for a loan of PH 25,000 to purchase various merchandise that she can sell. In that way, she believes that she can contribute also to the family income.
Now, she avails the services of Community Economic Venture Inc. She has loans, training and insurance coverage.
About Community Economic Ventures, Inc.
Community Economic Ventures, Inc. (CEVI), based in Bohol, was awarded the Platinum Award for Transparency in Social Performance Reporting by CGAP. Social performance monitoring is imperative in measuring a microfinance institution’s effectiveness. The fact that CEVI is participating in this process speaks volumes about the organization’s commitment to serving its clients effectively. In addition to providing credit for its clients, CEVI provides savings, insurance, and training through regular cluster group meetings.